PEL

Enterprises sets record date for merger - How it will impact your shareholding

Piramal Enterprises Merger Record Date : Piramal Enterprises Ltd (PEL) has announced September 23, 2025, as the record date for its merger with Piramal Finance Ltd (PFL). From this date, trading in PEL securities will cease, and shareholders listed in the company’s register will be allotted equity shares of PFL on a 1:1 basis. NCLT approval and merger process PEL informed the BSE and NSE through a filing on September 20 that the integration process is now underway following the approval of the composite scheme of arrangement by the National Company Law Tribunal (NCLT). The merger became effective from September 16. Share allotment and trading details With the record date set, PEL shares will stop trading from September 23. Allotments of PFL shares to eligible PEL shareholders will be completed thereafter. Once allotment is done, PFL will apply for listing of these shares on the stock exchanges, after which they will be available for trading. Existing debt securities of PFL will continue to trade without interruption.